1,890 Shares in WEX Inc. (NYSE:WEX) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC bought a new stake in shares of WEX Inc. (NYSE:WEX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,890 shares of the business services provider's stock, valued at approximately $331,000.

A number of other large investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new position in WEX during the fourth quarter valued at approximately $1,168,000. Fifth Third Wealth Advisors LLC boosted its position in shares of WEX by 265.1% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,280 shares of the business services provider's stock worth $926,000 after purchasing an additional 3,834 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of WEX in the 3rd quarter valued at $35,000. World Investment Advisors LLC bought a new stake in shares of WEX in the 3rd quarter valued at $2,507,000. Finally, Sanctuary Advisors LLC raised its stake in WEX by 112.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,760 shares of the business services provider's stock worth $998,000 after buying an additional 2,519 shares during the period. Institutional investors and hedge funds own 97.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their target price on WEX from $247.00 to $220.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Bank of America lifted their price target on shares of WEX from $238.00 to $255.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Barclays reaffirmed an "equal weight" rating and issued a $200.00 price objective (down from $207.00) on shares of WEX in a research report on Tuesday, December 17th. Jefferies Financial Group increased their target price on WEX from $190.00 to $210.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company cut their price target on WEX from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, WEX currently has an average rating of "Moderate Buy" and an average target price of $219.55.

WEX Stock Up 2.4 %

Shares of NYSE:WEX traded up $4.36 during midday trading on Thursday, hitting $184.10. The stock had a trading volume of 411,170 shares, compared to its average volume of 401,337. The company has a market cap of $7.32 billion, a P/E ratio of 23.36, a PEG ratio of 1.23 and a beta of 1.58. WEX Inc. has a 12 month low of $165.51 and a 12 month high of $244.04. The business's 50-day simple moving average is $178.77 and its 200-day simple moving average is $185.96. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87.

WEX (NYSE:WEX - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $4.35 EPS for the quarter, beating analysts' consensus estimates of $3.82 by $0.53. The company had revenue of $665.50 million during the quarter, compared to the consensus estimate of $688.03 million. WEX had a net margin of 12.45% and a return on equity of 31.35%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.44 EPS. On average, sell-side analysts forecast that WEX Inc. will post 13.09 earnings per share for the current fiscal year.

Insider Activity

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $189.44, for a total value of $33,152.00. Following the transaction, the chief operating officer now directly owns 7,582 shares in the company, valued at $1,436,334.08. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.